In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.
Portola Valley is an incorporated town in San Mateo County, California, United States. The population was 4,462 at the 2000 census. It was named for Spanish explorer Gaspar de Portola, who led the first party of Europeans to explore the San Francisco Peninsula, in 1769. Portola Valley is one of the top forty wealthiest towns in the United States of America, with a median household income of $158,217 a year. Within the State of California, Portola Valley is ranked as the sixth wealthiest place. The zip code 94028, which encompasses the whole of Portola Valley, has the 37th most expensive housing prices within the country according to Forbes Magazine 2009.